shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Dismantle Tariff, Non-Tariff Barriers To Enhance Intra African Trade – Shippers’ Council Boss

Dismantle Tariff, Non-Tariff Barriers To Enhance Intra African Trade – Shippers’ Council Boss

by Joshua
January 17, 2023
in Featured, News

The Nigerian Shippers’ Council (NSC) on Monday urged African countries in West, Central Africa sub-region to fast-track the dismantling of various tariff and non-tariff barriers hindering intra-Africa trade.

The Executive Secretary, NSC, Mr Emmanuel Jime, made the call at the 9th African Shippers’ Day in Lagos.

The day has the theme: “frican Continental Free Trade Agreement: A Veritable Platform for African Shippers’ to Mainstream into Global Trade”.

Jime noted that dismantling of various tariff and non-tariff barriers would harness the potentialities inherent in African Continental Free Trade Agreement (AfCFTA).

Jime pointed out that African leaders must embrace tariff liberalisation for intra African trade to thrive.

According to him, trading within African countries is presently at a paltry 11 per cent, while the continent’s contribution to global trade is at three per cent.

He, however, advised that re-orientation and re-organisation of intra-Africa trade should start from West and Central Africa sub-region.

He noted that should the region get it right, it would be easier for other sub-region in the African continent to trade among themselves.

“I believe that AfCFTA is a very important tool to boost the African economy by increasing intra-African trade.

“When adequate measures are put in place to reduce tariff and non-tariff barriers that hamper trading between countries in the continent, then we will be on our way to achieving greater economic development for the continent.

“We all know that it is not an easy task, because a lot of things have been left undone in the past, but we can start now with great commitment and determination, we can achieve the Africa we all desire,” Jime said.

The Shippers’ Council boss, however, stated that if potentials inherent in intra-African trade were effectively harnessed, the African economy would expand by 52.3 per cent.

“The United Nations Commission for Africa estimated that AFCFTA will expand the size of Africa’s economy to US$29 trillion by 2050 and increase intra-African trade to 52.3 per cent from the current 11 per cent.

“Share of Africa’s trade to global trade is expected to double from current three per cent to six per cent with the implementation of the agreement.

“The re-orientation and re-organisation of intra-African trade should start from our subregion, when we get it right in West and Central Africa, it will be much easier to connect and freely trade with other regions of the continent,” he said

Jime noted that African countries needed to create smooth integration of their transport infrastructures and trade policies as well as the required awareness among the economic operators in the sub-region.

“There is need to sensitise our various governments to fast-track the dismantling of various tariff and non-tariff barriers that are hindering international trade.

“We should always look at the holistic impact which tariff liberalisation will have on our economy, rather than just considering the immediate shortfall,” he said.

Also contributing, Capt. Sunday Umoren, Secretary General, Abuja Memorandum of Understanding, noted that the agreement might suffer setbacks without the active collaboration of private sectors and development partners.

He added that there was need not to totally ignore the role of carriers, the vessel owners and the vessel itself on their part in delivering on AFCFTA.

“Shipping is the bedrock of globalisation. It helps in ensuring that the benefit of trade and commerce are more evenly spread across countries.

“All African industrial policy makers should be bold in developing and implementing extensive range of reforms and trade facilitation measures needed to rely the substantial rewards and dividends that the agreement offers,” he said.

Umoren urged that nothing should stop the region from having a ship owning capacity to eliminate the burden and impact of high freight rate of foreign ships.

shippingposition

Kindly like us on Facebook/twitter


Related Posts

Media Crucial To Nation Building- Channels TV Boss

Media Crucial To Nation Building- Channels TV Boss

January 27, 2023
Lekki Deep Seaport To Boost Non-Oil Revenue — NEPC

Lekki Deep Seaport To Boost Non-Oil Revenue — NEPC

January 27, 2023
Military Destroys 39 Illegal Refineries, Apprehends Oil Thieves, Vandals

Military Destroys 39 Illegal Refineries, Apprehends Oil Thieves, Vandals

January 27, 2023
International Customs Day:  C-G Restates Commitment To Mentor Young Officers For Effective Service Delivery

International Customs Day:  C-G Restates Commitment To Mentor Young Officers For Effective Service Delivery

January 27, 2023

Latest News

“Anyone talking about 15% equity in CVFF is ignorant”

“Anyone talking about 15% equity in CVFF is ignorant”

January 27, 2023

Industry Advises Philippines on Training as EU Considers Crew Ban

SHIPTALK: Basics About A Ship

NAGAFF Congratulates Newly Promoted Comptrollers, Charges Them On Professionalism

Beware Of Activities Against Aquatic Plants, Animals – Marine NGO Warns

The World Awaits Trial Of Crew Of Heroic Idun In A Nigerian Court

All Set For Obangame Express 2023 International Maritime Exercise

Our Real Fears About The CVFF Disbursement

VESSELS EXPECTED AT LAGOS PORTS AS AT 27TH JANUARY, 2023.

Media Crucial To Nation Building- Channels TV Boss

Lekki Deep Seaport To Boost Non-Oil Revenue — NEPC

Military Destroys 39 Illegal Refineries, Apprehends Oil Thieves, Vandals

kindly like our Facebook page

Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says
Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says

December 19, 2022

The World Health Organisation has said that the number of people estimated to have died as a result of living...

Health Benefits And Side Effects Of Bitter Leaf

Health Benefits And Side Effects Of Bitter Leaf

December 12, 2022
More Women May Die During Childbirth In West Africa — Report

More Women May Die During Childbirth In West Africa — Report

December 12, 2022
The Many Wonderful Uses Of Onions

The Many Wonderful Uses Of Onions

December 5, 2022
Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

December 5, 2022
COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

December 5, 2022
Panic As Monkeypox Spreads To 32 States, Cases Now 604

Panic As Monkeypox Spreads To 32 States, Cases Now 604

November 28, 2022
Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

November 28, 2022
Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

November 28, 2022
Infertility Red Flags Men, Women Should Not Ignore – Experts

Infertility Red Flags Men, Women Should Not Ignore – Experts

November 28, 2022

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition